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. >> i'm not in favor of a $5 billion tax cut. >> reporter: and after romney took aim at sesame street -- >> i'm going to stop the subsidy to pbs, i'm going to stop other things -- i like pbs. i like big bird. >> reporter: big bird stayed way up past his bedtime to appear on "saturday night live." >> do you have any political statement you would like to make? >> no, i don't want to ruffle any feathers. >> reporter: first up here in los angeles, president obama will attend a small fundraiser with former president bill clinton and then he will attend a production at the theater tonight. vice president joe biden is getting ready for thursday night, and it is somewhat in damage control mode. lester? >> we want to turn now to our political director and chief white house correspondent chuck todd. chuck, the debate, the positive numbers we noted potential game changers for both candidates last week, how do you expect they'll try to build off this week? >> they're trying to go on the air using the debate in tv advertisements to try to sort of blunt some of the debate momentum that romney got.
. >> i'm not in favor of a $5 billion tax cut. >> reporter: and after romney took aim at sesame street -- >> i'm going to stop the subsidy to pbs, i'm going to stop other things -- i like pbs. i like big bird. >> reporter: big bird stayed way up past his bedtime to appear on "saturday night live." >> do you have any political statement you would like to make? >> no, i don't want to ruffle any feathers. >> reporter: first up here in los...
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the share of taxes paid by high income people. >> however, fact checkers say romney's tax plan does add up to over $5 trillion. the same groups say the president is using fuzzy math. especially his claim of $4 trillion of deficit reduction. romney made a point he'd cut the budget for pbs, even to the moderator. >> i like pbs, big bird, you, too, but i'm not going to keep on spending money. >> i want to make sure i got this straight. he'll get rid of regulations on wall street, but he's going to crack down on sesame street. >> today, a key romney surrogate said this. >> what people saw last night was a president that revealed his incompetence, how laze di and detached he is. >> did you really mean to call barack obama lazy? >> he didn't want to prepare for this debate. he's lazy and disengaged. >> now, the pressure is on paul ryan and joe biden in a debate next week. and the stakes are a lot higher for the president to come up with a different game plan for his next debate with mitt romney two weeks from now. >> andrea mitchell remains in denver tonight. thanks and of course, thanks
the share of taxes paid by high income people. >> however, fact checkers say romney's tax plan does add up to over $5 trillion. the same groups say the president is using fuzzy math. especially his claim of $4 trillion of deficit reduction. romney made a point he'd cut the budget for pbs, even to the moderator. >> i like pbs, big bird, you, too, but i'm not going to keep on spending money. >> i want to make sure i got this straight. he'll get rid of regulations on wall street,...
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i don't have a tax cut that's $4.8 trillion. i'm not going to cut taxes on the rich. i don't have a medicare voucher plan. i love teachers. and i think we need more of them. look, don't believe me. speaker gingrich was pretty eloquent running during the primaries and saying, mitt romney will say absolutely anything to get elected. and if somebody says absolutely anything to get elected you have to wonder what they'll say when they are president of the united states. >> so, speaker, you did say he was fundamentally dishonest after debating him in the primaries. this is not a new attack against romney policy. >> no. and i think that the challenge for the obama people is pretty simple. the president of the united states had 90 minutes. now, if he had done his homework and actually prepared, if he had actually studied romney, why didn't he say it? why didn't he take romney head on? first of all, the charges on the tax cuts are plain wrong, and i think virtually every analyst has said and even your deputy campaign manager said the charges made are wrong. but forgetting tha
i don't have a tax cut that's $4.8 trillion. i'm not going to cut taxes on the rich. i don't have a medicare voucher plan. i love teachers. and i think we need more of them. look, don't believe me. speaker gingrich was pretty eloquent running during the primaries and saying, mitt romney will say absolutely anything to get elected. and if somebody says absolutely anything to get elected you have to wonder what they'll say when they are president of the united states. >> so, speaker, you...
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federal income tax, federal payroll tax, state income tax, state sales tax, state property tax, gasoline tax. it added up to well over 50% of what they earned. and your plan is to take the tax rate on successful small businesses from 35% to 40%. the national federation of independent businesses has said that will cost 700,000 jobs. i don't want to cost jobs. my priority is jobs. and so what i do is i bring down the tax rates, lower deductions and exemptions. the same idea behind bowles simpson, by the way, get the rates down, lower exemptions to create jobs. because there's nothing better to get to us a balanced budget than to have more people working, earning more money, paying more taxes. that's by far the most effective and efficient way to get this budget balanced. >> jim, you may want to move on to another topic, but i would just say this to the american people. if you believe that we can cut taxes by $5 trillion and add $2 trillion in additional spending that the military is not asking for, $7 trillion, just to give you a sense over ten years, that's more than our entire defense bu
federal income tax, federal payroll tax, state income tax, state sales tax, state property tax, gasoline tax. it added up to well over 50% of what they earned. and your plan is to take the tax rate on successful small businesses from 35% to 40%. the national federation of independent businesses has said that will cost 700,000 jobs. i don't want to cost jobs. my priority is jobs. and so what i do is i bring down the tax rates, lower deductions and exemptions. the same idea behind bowles simpson,...
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. >> up next on 11 news, avoid paying higher taxes in the new year. tips to save on your bottom line and feel the magic as the orioles prepare to take on the yankees. a look at preparation. >> a chilly rain falling out there across most of the area right now. what to expect if you're going what to expect if you're going to the o's game.
. >> up next on 11 news, avoid paying higher taxes in the new year. tips to save on your bottom line and feel the magic as the orioles prepare to take on the yankees. a look at preparation. >> a chilly rain falling out there across most of the area right now. what to expect if you're going what to expect if you're going to the o's game.
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the fact these bums don't want to pay tax and the richest guy in the world is avoiding tax. >> bill clinton has the best peripheral vision in the history of politics. he knows how to do it. clinton uses a sense of humor to do it, to make the other guy seem like a complete hypocritical phoney. rather than say the guy is a hypocritical phoney, bill clinton builds the occasion like he's talking to the jury. that's what he did there. that's the obstacle that mitt romney has. the way people view mitt romney, in the nbc poll, they still basically have a negative view of the guy. he has to come out there and say, i know how to fix the economy on your behalf, even though people know his whole life has been dedicated to flipping corporates and doing the magic that he did that got him the caymen offshore account. and $100 million i.r.a., individual retirement account. >> he has to show -- >> how does a guy -- >> how does that help us? >> -- have a $100 million individual retirement account? >> one thing president clinton has done so successfully, he's not against wealth. he's just against hypocrisy,
the fact these bums don't want to pay tax and the richest guy in the world is avoiding tax. >> bill clinton has the best peripheral vision in the history of politics. he knows how to do it. clinton uses a sense of humor to do it, to make the other guy seem like a complete hypocritical phoney. rather than say the guy is a hypocritical phoney, bill clinton builds the occasion like he's talking to the jury. that's what he did there. that's the obstacle that mitt romney has. the way people...
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the number on his tax cut is $5 trillion. because he's talking about a 20% cut in marginal rates, eliminating the alternative minimum tax, estate tax and other deductions, $480 billion a year, $5 trillion over ten years, that's the number. then he says, you know, every day for the last 18 months, i've been talking about repealing every aspect of obama care, but actually i didn't mean it. well it's too late for that. if you repeal obama care across the board, that means that kids can no longer stay on their parents' coverage through age 26, it means that we can go back to a system of denying coverage for preexisting conditions, it means that seniors again are back on to co-pays larger co-pays as it relates to prescription drugs, and on dodd/frank, he's been saying he wants to repeal dodd/frank, andrea, every day for the last 18 months, repeal every aspect of it. dodd/frank of course is the bill that reregulated the financial system after the credit market collapsed, the catastrophic collapse of 2008. so does anybody really wan
the number on his tax cut is $5 trillion. because he's talking about a 20% cut in marginal rates, eliminating the alternative minimum tax, estate tax and other deductions, $480 billion a year, $5 trillion over ten years, that's the number. then he says, you know, every day for the last 18 months, i've been talking about repealing every aspect of obama care, but actually i didn't mean it. well it's too late for that. if you repeal obama care across the board, that means that kids can no longer...
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he has gone on the offensive against mitt romney time at bain capital, outsourcing tax returns. any state we would expect that criticism of corporation and relationship to globalization would resonate it is ohio, where globalization has taken a toll. the heart of romney's argument against obama is obama hasn't helped the economy. ohio is a state it is doing better than the national of a range the auto bailout has a practical effect on people's lives, know people working in auto plant, suppliers of auto plant and the natural gas boom, a little beneath the radar has helped the unemployment rate in ohio. that is has resulted in obama dog better nationally better than nationalism people talking about the possibility romney could pull out of ohio and still win. i think that's very difficult to envision. if romney loses ohio, in particular if ohio is long gone, obama is going to win you can the votes aren't there else where to make up for the loss of those 18 electoral votes. >> nate, i want to talk about you, talk about you for a second? >> if you really want. >> you are the politica
he has gone on the offensive against mitt romney time at bain capital, outsourcing tax returns. any state we would expect that criticism of corporation and relationship to globalization would resonate it is ohio, where globalization has taken a toll. the heart of romney's argument against obama is obama hasn't helped the economy. ohio is a state it is doing better than the national of a range the auto bailout has a practical effect on people's lives, know people working in auto plant, suppliers...
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companies that are taxed at the individual tax rate. if you raise taxes on them, they have less money to spend. and to hire people with. the best way to get a balanced budget at the federal government level is to have this economy grow so more people are working. if more people are working, more people are paying taxes. by the way, if there is competition, trying to hire people -- if there is lots of business activity, wages go up, take-home pay goes up. that's more tax revenue. by far the most powerful way to get us to a balanced budget is to grow the economy. that's why my tax plan, which is estimated to create 7 million jobs, will help us more than anything else to get to that balanced budget. >> sean: i know this was not about foreign policy last night. we have been following very closely on this program, the issue in benghazi, the death of our ambassador, the first time in 30 years, two navy seals. do you believe there is a coverup going on? >> well, sean, first, let me note my condolences and sympathy for the families of those who
companies that are taxed at the individual tax rate. if you raise taxes on them, they have less money to spend. and to hire people with. the best way to get a balanced budget at the federal government level is to have this economy grow so more people are working. if more people are working, more people are paying taxes. by the way, if there is competition, trying to hire people -- if there is lots of business activity, wages go up, take-home pay goes up. that's more tax revenue. by far the most...
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last four years -- how in lord's name, can they justify raiding their taxes with these tax cuts? >> vice-president biden just today said that the middle class, over the last four years has been, quote, buried. we agree. that means we need to stop digging, by electing mitt romney the next president of the united states. [cheers and applause] of course, the middle clationz class has been buried, they are buried by regulations and buried by taxes and borrowing, they are being buried by the obama administration's economic failures. >> greta: so will the obama campaign take a political hit with that one, mr. speaker? it's dangerous to talk these days? >> look, it's pretty hard to take anything joe biden says seriously. but if you look at it from -- there are two parts to t. he admits that in the last four years, that's the obama years, the middle class has been buried. highest price of gasoline in the history. hits the middle class. the unemployment rate hits the middle class. the debt being piled up, hits the middle class. but then he goes on to say something which is frankly nutty.
last four years -- how in lord's name, can they justify raiding their taxes with these tax cuts? >> vice-president biden just today said that the middle class, over the last four years has been, quote, buried. we agree. that means we need to stop digging, by electing mitt romney the next president of the united states. [cheers and applause] of course, the middle clationz class has been buried, they are buried by regulations and buried by taxes and borrowing, they are being buried by the...
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but the cut in tax rates. >> the cut in tax rates is lower -- all american tax rates by 20%. >> how much does it cost? >> it's revenue neutral. it works and you can -- >> but i have to -- you haven't given me the math. >> well, i don't have the -- it would take me too long to go through all of the math. >> you know, tonight, jim lehrer, he's a great moderator. take all of the time you want. take my time to explain how you're going to do it. yesterday romney himself told a local denver station that part of his tax plan might include a cap on deductions at 17,000 a person which would not hurt billionaires at all like him. let's take a look. >> you could say everybody's going to get up to $17,000 deduction and you can use your charitable deduction, your home mortgage deduction or others, health care deduction and you can fill that bucket, if you will, the $17,000 bucket and higher income might have a lower number or you could do it by the same method that bowles/simpson did it, which is limiting certain deductions but that's the sort of thing that -- >> well, his tighing would take him past
but the cut in tax rates. >> the cut in tax rates is lower -- all american tax rates by 20%. >> how much does it cost? >> it's revenue neutral. it works and you can -- >> but i have to -- you haven't given me the math. >> well, i don't have the -- it would take me too long to go through all of the math. >> you know, tonight, jim lehrer, he's a great moderator. take all of the time you want. take my time to explain how you're going to do it. yesterday romney...
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i will lower taxes on middle income families. >> he's going to get rid of the estate tax, mr. mayor, which aims directly at the top rate. the people who have a quarter million bucks and want to leave it to their kids. it's for the very rich. he wants to lower the top rate from 35% to 28% for the richest people in the country. he wants to take the corporate rate from 35% to 25%. >> clearly at that stage mr. obama should have turned to him and said you are not telling the american people the truth. just as he did today in denver when he said he wasn't telling the truth. he should have looked him in the eye and said mitt romney, you are not telling the american people the truth. and then proceed to walk through as clinton would have done the mathematics to prove it. i don't think romney would have been smart enough to figure out how to get out of that hit, but obama ignored that opportunity and i think that's a mistake. joan, you're correct. he will everywhere he goes, he will save the day and correct what he didn't do last night, but 58 million people will not be able to be cont
i will lower taxes on middle income families. >> he's going to get rid of the estate tax, mr. mayor, which aims directly at the top rate. the people who have a quarter million bucks and want to leave it to their kids. it's for the very rich. he wants to lower the top rate from 35% to 28% for the richest people in the country. he wants to take the corporate rate from 35% to 25%. >> clearly at that stage mr. obama should have turned to him and said you are not telling the american...
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they're being burieded by regulatio regulations, taxes, by borrowing. they're being buried by the obama administration's economic failures. >> major, does joe biden's statement, this video, do either play into the debate tonight? >> i don't think the video is going to play into the debate. you look at what pollsters find from surveying voters, they want to nope, especially tonight, what is your characterization of president obama, what's you've done for four years, mitt romney and what are you going to do going forward. i do not expect this to be about a video from 2007. i think if romney were to do that, it would be a strategic mistake. as for paul ryan, this has been part of a romney campaign tendency. everything from the convention, acutely so, maybe a bit before that. to take whatever sound bite of the day is and to build a narrative around that. that doesn't reenforce the larger one for the romney campaign. look, the american public is well aware of the economic situation our nation is in. it's a recovery, but the slowest and least satisfied since
they're being burieded by regulatio regulations, taxes, by borrowing. they're being buried by the obama administration's economic failures. >> major, does joe biden's statement, this video, do either play into the debate tonight? >> i don't think the video is going to play into the debate. you look at what pollsters find from surveying voters, they want to nope, especially tonight, what is your characterization of president obama, what's you've done for four years, mitt romney and...
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, like your home mortgage tax deduction, in the romney/ryan tax plan. not enough time. they can't even say if you will pay more or less with their tax plan. well, mitt, i'm sure president obama will give you as many of his minutes as you need to explain it all in wednesday night's debate. >> mitt romney needs a great october. >> we know romney needs a great october. >> to change the course of this campaign. >> the final push is on. >> just days away from the first presidential debate. >> both candidates cramming for the first debate. >> everyone trying to lower expectations. >> franticly spinning to lower expectations. >> president obama is an experienced debatetor. >> i'm just okay. >> almost everyone seems to be muting enthusiasm in trying to undersell thvernlths is mitt's first time. >> i don't buy that. >> chris christie is taking a different tack. >> we have a candidate who is going to do extraordinary well on wednesday night. come thursday morning when we get to thursday morning, the entire narrative of this race is going to change. >> this is mit
, like your home mortgage tax deduction, in the romney/ryan tax plan. not enough time. they can't even say if you will pay more or less with their tax plan. well, mitt, i'm sure president obama will give you as many of his minutes as you need to explain it all in wednesday night's debate. >> mitt romney needs a great october. >> we know romney needs a great october. >> to change the course of this campaign. >> the final push is on. >> just days away from the first...
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lowering the tax rates by broadening the tax rates -- >> let me --. i -- >> you haven't given me the math. >> i don't have the time. it would take me too long go through all of the math. >> that's a quote you're going to hear a lot, i guess from the obama campaign and the president himself. meanwhile the president who's known for being a bit long-winded and can have an hour-long news conference with only eight questions is working to sharpen his responses. quote, we eh had a hard time getting every point across within the time limit. you're trying to make a case to the people, so you have to make sure your answers connect with people. he got some advice from howard dean. >> the president's got to avoid being irritable. hi's got to roll with the punches. mitt is going to be out there, aggressive. he feet to show a sense of humor and show he's likeable. that's all nonverbal cues. >> folks, these debates, though, they don't have time limits, they allow for a lot of back and forth. it will be interesting to see which candidate enjoys that idea that you do
lowering the tax rates by broadening the tax rates -- >> let me --. i -- >> you haven't given me the math. >> i don't have the time. it would take me too long go through all of the math. >> that's a quote you're going to hear a lot, i guess from the obama campaign and the president himself. meanwhile the president who's known for being a bit long-winded and can have an hour-long news conference with only eight questions is working to sharpen his responses. quote, we eh...
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president, you are right with regards to 97% of the businesses are not taxed at 35% tax rate, it's a lower rate. those businesses, the last 3% happen to employ half, half of all the people who work in small business. >> okay. please respond to that. there is so much nonsense in that little bit of sound. >> first of all, the statistic that it employs half is ridiculous. let's look at it carefully. under that definition of small business, i'm a business. why? because i have written a book. i get royalties. that's business income. mitt romney cuts my taxes. now, i'm not going to hire anyone. this idea that cutting the taxes is going to lead to job growth is absurd. in contrast, the president saying i'm for tax cuts but i am if you actually hire someone. >> my brain was soup as i was trying to sort through all these definitions. the sba, small business administration is trying to define it as a business with 500 people or less. it's not the definition being used here. the definition here is a tax status. in this study. >> this is where the fact is wrong. >> yes. thank you. >> all people
president, you are right with regards to 97% of the businesses are not taxed at 35% tax rate, it's a lower rate. those businesses, the last 3% happen to employ half, half of all the people who work in small business. >> okay. please respond to that. there is so much nonsense in that little bit of sound. >> first of all, the statistic that it employs half is ridiculous. let's look at it carefully. under that definition of small business, i'm a business. why? because i have written a...
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tax cuts for the marginal rates. a big one down from 35% for the top rate down to 28%. but he won't tell us how he's going to do it. he won't tell us the big deductions he's going to kill. and to me that's the heart of what he's actually promising. howard, how can he tell us what he's going to do without killing himself politically by nailing these deductions? >> i don't think he can play stall ball for the next five weeks on that, chris. i think every debate moderator starting with jim lehrer tomorrow night is going to demand specifics in the way chris wallace tried to do last week on fox. and i also think that the numbers are emblematic of values in this case. people want to know about mitt romney. they're undecided. i disagree with chuck a little bit. i think people are prepared to blame the president enough to dismiss him if, as chuck says, they are secure about romney. it's that last piece that romney hasn't done, and forcing him to discuss the details of his tax plan is not a way necessarily to win those undeci
tax cuts for the marginal rates. a big one down from 35% for the top rate down to 28%. but he won't tell us how he's going to do it. he won't tell us the big deductions he's going to kill. and to me that's the heart of what he's actually promising. howard, how can he tell us what he's going to do without killing himself politically by nailing these deductions? >> i don't think he can play stall ball for the next five weeks on that, chris. i think every debate moderator starting with jim...
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. >> you know the phrase always used, obama and biden want to raise taxes by a trillion dollars. guess what? yes, we do in one regard. we want to let that trillion dollar tax cut expire so the middle class doesn't have to bear the burden of all of that money going to the super wealthy. >> and the obama campaign is going like this. did someone call the vice-president a liar for us? can we got that out there. >> and saying the media should start writing the headlines. that's a bad one, i can imagine they're not happy with that. >> and i said peter kniffin, i meant to say david nifvif. >> i live in new york and i'm stressed out don't know what to. the doctor says get a dog. i finally went a dog his name is caspar, he's adorable. >> you're lying. >> no, caspar, i picked him up this week, he's the smartest most lovable dog on the planet and for the next three to four months, i'll be discussing caspar on this show at every opportunity. >> oh. >> look the at him. >> he's so cute, caspar. lovely caspar. >> i have a question. do you have a sparkly backpack. >> where i keep caspar's things
. >> you know the phrase always used, obama and biden want to raise taxes by a trillion dollars. guess what? yes, we do in one regard. we want to let that trillion dollar tax cut expire so the middle class doesn't have to bear the burden of all of that money going to the super wealthy. >> and the obama campaign is going like this. did someone call the vice-president a liar for us? can we got that out there. >> and saying the media should start writing the headlines. that's a...
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particularly domestically in terms was tax policy. this is how mr. mitt romney after president obama and the vice president joe bide boid for his suggestion that yes, indeed democrats do want to raise taxes. >> the paths we take our nation down are quite he for instance will raise taxings. hi vice president blurted out the truth. it is trillion when you put them together. >> the mitt romney campaign motor cade is now in sight. you will hear the crowd start to roar as they welcome the republican nominee. he will spend - on >> carl cameron's shot froze up. it is live television. as governor romney takes the stage we'll go back to carl. >> a major development to actul about in an effort to tell you why our ambassador and others were not better protected. the house oversight committee issuing subpeonas for a hearing next week. we knew that but we are hearing now what is on the list. we'll see lieutenant colonelandy wood. and colonel wood was in charge of a 16-member special forces security team recall protecting the forces. and also tonight defense secre
particularly domestically in terms was tax policy. this is how mr. mitt romney after president obama and the vice president joe bide boid for his suggestion that yes, indeed democrats do want to raise taxes. >> the paths we take our nation down are quite he for instance will raise taxings. hi vice president blurted out the truth. it is trillion when you put them together. >> the mitt romney campaign motor cade is now in sight. you will hear the crowd start to roar as they welcome...
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the feds have just charged more than 90 people with trying to steal our tax dollars. the suspects are accused of taking part in medicare schemes that submitted nearly $430 million in fraudulent billing. doctors and nurses among the suspects. the assistant attorney general lanny brewer explained how one scheme in houston allegedly took advantage of mental patients. >> these defendants have allegedly bribed medicare beneficiaries with cigarettes, food and coupons instead of giving these beneficiaries real medicare care, hospital owners and operators allegedly plunked them in front of the television and billioned medicare on their behalf. >> the feds made similar accusations against suspects in a total of seven cities, all across the united states. well, fbi agents today finally inspected the scene in libya where militants three weeks ago killed the u.s. ambassador and three other americans. according to the fbi, agents visited the u.s. consulate in benghazi and left a short time later. the associated press reports the agents and several dozen u.s. special operations for
the feds have just charged more than 90 people with trying to steal our tax dollars. the suspects are accused of taking part in medicare schemes that submitted nearly $430 million in fraudulent billing. doctors and nurses among the suspects. the assistant attorney general lanny brewer explained how one scheme in houston allegedly took advantage of mental patients. >> these defendants have allegedly bribed medicare beneficiaries with cigarettes, food and coupons instead of giving these...
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did the vice president give critics an opening when he talked about a tax hike. let's listen. >> you know the phrase they always use? obama and biden want to raise taxes by a trillion dollars. guess what? yes, we do, in one regard. we want to let that $1 trillion tax cut expire so the middle class doesn't have to bear the burden of all the money going to the super-wealthy. >> does the vice president's style create a risk for the democratic ticket? >> he does. you know, it's something that they've been watching with joe biden for years, but joe biden has been preparing for an entire week. by thursday when the debate happens, he will have spent almost a week at his home in wilmington preparing. and when he is prepared, he is much better in that he doesn't make those same gaffes. when he nose what it is that he needs to say and he's not going off the cuff in this style, he does better. >> on thursday, joe biden went aggressively after governor romney on taxes. let's take a look at that. >> you just never know what game or what position governor romney's going to com
did the vice president give critics an opening when he talked about a tax hike. let's listen. >> you know the phrase they always use? obama and biden want to raise taxes by a trillion dollars. guess what? yes, we do, in one regard. we want to let that $1 trillion tax cut expire so the middle class doesn't have to bear the burden of all the money going to the super-wealthy. >> does the vice president's style create a risk for the democratic ticket? >> he does. you know, it's...
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Oct 4, 2012
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the tax plan still doesn't add up. the question for him is whether or not he's able to obscure o that on the stage tonight. >> ezra. thank you. so chris hayes, do we end up in a mega-audience version of paul ryan saying this weekend, i don't really have the time to give you the numbers. i'd bore you if i gave you the math. >> that, to me, is the most fascinating element in this debate. is that he has said time and time again, mitt romney even said at one point, look, i learned from governor christie, if you give people details, they just use it to attack you. he has said explicitly as a matter of strategy, we won't give you more details. so how long can he avoid details on stage with the president for 90 minutes. and the other problem, it's not just bain, it's not just fact that this is the wealthiest man to run for president, well, in nominal dollars, ever, but in real dollars, in a long time. but he is proposing the same thing that republicans always propose when they get into office. the one reliable policy you can
the tax plan still doesn't add up. the question for him is whether or not he's able to obscure o that on the stage tonight. >> ezra. thank you. so chris hayes, do we end up in a mega-audience version of paul ryan saying this weekend, i don't really have the time to give you the numbers. i'd bore you if i gave you the math. >> that, to me, is the most fascinating element in this debate. is that he has said time and time again, mitt romney even said at one point, look, i learned from...
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Oct 5, 2012
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what he said is he's going to reduce tax rates, not reduce tax revenues. there is a huge difference in that. you reduce tax rates, you'll stimulate more job creation, stimulate more growth. that growth and that job creation is going to lead to people paying taxes. we have a real problem with the middle class in this country with the incomes going down from 54 to $50,000. we got to get people back working, we got to get people in higher income rate paying jobs and that will produce more tax revenues, to insure against any kind of deficit, though, he is going to limit tax deductions, which will affect the rich more than anybody else. >> the number is wrong because romney hasn't put details on the plan and i think the president hurt himself by continuing to repeat that. i was in the room and i was tired of hearing him say $5 trillion and $2 trillion. he was losing the room every time he said it. the onus is on romney to say, 'cause romney said pick a number about where we're going to max out the deductions. he had said 17,000. he's got to put meat on the bone
what he said is he's going to reduce tax rates, not reduce tax revenues. there is a huge difference in that. you reduce tax rates, you'll stimulate more job creation, stimulate more growth. that growth and that job creation is going to lead to people paying taxes. we have a real problem with the middle class in this country with the incomes going down from 54 to $50,000. we got to get people back working, we got to get people in higher income rate paying jobs and that will produce more tax...
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he wants to cut personal income taxes by 20%, corporate taxes from 35% to 25%, extend the bush tax cuts and the alternative minimum tax. that's $5 trillion, whether he likes it or not, or whether he wants to admit it or not. and he says he's going to do that all without adding to the deficits. how? he didn't say last night. and that's why most analysts have said he's either going to explode the deficits or stick it to the middle class. on medicare, he said we're not going to hurt one senior on medicare by repealing obamacare. he's going to raise -- he's going to cut benefits for seniors across america. he wasn't honest about that. you guys have the tape of him saying we don't need anymore teachers. last night he couldn't say enough about teachers. i don't want to cut teachers. i want more teachers. that's not what he said. so, i mean, again and again and again, he told a story to the american people that is completely in contrast with what he said before and unfounded in fact. and that's going to catch up with him. i think that i give him credit for a strong performance. i give him an "
he wants to cut personal income taxes by 20%, corporate taxes from 35% to 25%, extend the bush tax cuts and the alternative minimum tax. that's $5 trillion, whether he likes it or not, or whether he wants to admit it or not. and he says he's going to do that all without adding to the deficits. how? he didn't say last night. and that's why most analysts have said he's either going to explode the deficits or stick it to the middle class. on medicare, he said we're not going to hurt one senior on...